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IPFS News Link • Economy - Economics USA

Citigroup, Goldman Cut LBO Backlog With 10% Discounts

12-28-2007 • Bloomberg

Citigroup Inc., Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. are offering discounts of as much as 10 cents on the dollar to clear a $231 billion backlog of high-yield bonds and loans. "The market can absorb all of these deal

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Reported By Powell Gammill

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Citigroup, Goldman Cut LBO Backlog With 10% Discounts

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